Intuit has experienced a steady increase in sales of its Web-based consumer tax preparation product, TurboTax Online, while sales of its desktop software have dipped.
The company reported that TurboTax Online units were up 14 percent through March 17, while desktop units fell 3 percent, compared to the same period last year.
"In consumer tax, we continue to be pleased with our online share gain, estimated at approximately 1 point of share," said Dan Maurer, senior vice president and general manager of Intuit’s consumer group, in a statement. “Additionally, our free tax advice service is being well received by customers, and we continue to see a shift to online.”
Intuit also reiterated its full-year revenue growth guidance of 10 to 13 percent for the consumer tax line and company revenue growth guidance of 9 to 11 percent.
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